Source: Guardian

The country's biggest rail workers' union has called for the "disastrous" public private partnership (PPP) to be scrapped, on the fourth anniversary of the controversial scheme to finance improvements on the London Underground.

The Rail Maritime and Transport union said warnings that the PPP would turn out to be an "expensive failure" had come true.

Metronet and Tubelines, the two groups in charge of maintaining and upgrading the Tube, have been given 3.3 billion pounds of public money and made £300 million in profits, said the union.

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Posted by pichu at December 31, 2006 9:04 PM